RoboForex – A Detailed Broker Overview with Comprehensive Trading Analysis (2025)
RoboForex is an international Forex broker operating since 2009 and providing access to a broad range of financial markets. The company is registered in the offshore jurisdiction of Belize and operates under a local regulator’s license (IFSC). The European branch of the group is represented by the RoboMarkets brand, licensed by the Cypriot regulator CySEC. Over the years, the broker has attracted millions of clients: according to Traders Union, more than 3.5 million active traders from 169 countries use RoboForex, and independent reviews highlight rapid growth in the client base (over 5 million accounts by 2025).
Throughout its history, RoboForex has received numerous awards recognizing its reputation. Among the recent accolades are “Most Trusted Broker” from International Business Magazine in 2020, “Best Broker of the Year 2021” from the IAFT traders’ community, and “Best Trading Conditions 2023” from World Economic Magazine. These honors confirm the broker’s high-quality trading environment and the trust of professional communities. Nevertheless, there are also critics – some platforms contain conflicting feedback, so it’s important to analyze every aspect of RoboForex’s operations in detail.
Why does RoboForex matter to traders? This broker offers some of the most competitive trading conditions on the market – low spreads, high leverage up to 1:2000, a wide range of instruments (12,000+), and multiple platforms. At the same time, its primary license is offshore, raising concerns about reliability. Many traders are drawn by RoboForex bonuses (welcome bonus, cashback, interest on account balance, etc.) but worry about negative withdrawal reviews. Against this backdrop, a comprehensive RoboForex overview – from regulation and fund safety to real user experiences – helps you decide if it’s right for you.
At the end of this article, we will address the main question: “Is RoboForex worth trusting?” We’ll examine the broker’s regulatory status and client fund protections, trading conditions and its competitors, and real trader feedback. Ready to dive into the details and learn the whole truth about RoboForex? Let’s get started!
Contents
- RoboForex Regulation and Reliability
- RoboForex Trading Conditions
- Account Types
- RoboForex Trading Platforms
- Trading Instruments
- Bonuses and Promotions
- Deposits and Withdrawals
- Customer Support
- Education and Analytics
- RoboForex vs. Competitors
- Trader Reviews
- FAQ (Frequently Asked Questions)
- Conclusion
RoboForex Regulation and Reliability
Regulation is a key factor in any broker’s reliability. RoboForex Ltd is registered in Belize and licensed by the IFSC (International Financial Services Commission) – the country’s financial regulator. The current license number is IFSC 000138/32, issued in 2021. Belize’s regulator is considered offshore, with less stringent requirements than EU or US regulators. However, RoboForex has taken extra steps to boost client confidence:
- European License via RoboMarkets: The RoboForex group owns RoboMarkets Ltd, which is regulated by CySEC (license No.191/13). This means European clients are served under EU jurisdiction, complying with MiFID II and participating in the CySEC compensation fund. Although RoboForex Ltd itself does not hold a CySEC license, having a subsidiary with European regulation indirectly supports the transparency of its business. That said, traders from CIS and most other countries typically open accounts with RoboForex (Belize).
- Membership in the Financial Commission (FinaCom): RoboForex is a Category “A” member of the international organization The Financial Commission. FinaCom is an independent dispute resolution body for brokers and traders, headquartered in Hong Kong. Being a member indicates that the broker accepts external oversight and conflict resolution. The primary benefit is a compensation fund of up to €20,000 per client, from which funds are paid if a commission member refuses to comply with a dispute decision. As a Category A member, RoboForex participates in this fund, offering clients additional financial protection.
- Liability Insurance: In 2019, RoboForex introduced a civil liability insurance program for clients up to €2,500,000. The policy covers risks that could cause financial losses to clients, including errors, fraud, abuse, and force majeure. Essentially, it’s an insurance buffer beyond regulatory requirements. Having such insurance is rare among Forex brokers, and RoboForex emphasizes that it is the only broker offering three layers of protection at once: a regulator, the FinCom compensation fund, and private insurance. This is a strong argument in favor of the company’s reliability.
- Segregation and Protection of Client Funds: The company states that client funds are kept in segregated accounts in banks (separate from the broker’s own funds). It also implements Negative Balance Protection – if volatility drives an account balance below zero, the broker automatically resets the debt without seeking repayment. This is a crucial guarantee for clients using high leverage: they cannot lose more than their initial deposit.
Despite all these measures, the objective assessment of RoboForex’s reliability can be mixed. On one hand, the broker has been in the market for over 14 years, serving millions of traders, and has received transparency awards (for example, “Safest Broker” 2018 from the London Investor Show). Many CIS traders give positive feedback about the company’s honesty: “Not a bad broker, easy to fund and withdraw, no issues,” writes user Vladimir. Reviews also note, “the broker is regulated, order execution is excellent, I can sleep well,” meaning people trust RoboForex’s security measures.
On the other hand, its offshore status (IFSC Belize) means an absence of oversight from strict regulators like the FCA or ASIC. This worries experienced traders, because if a dispute arises, you rely on FinaCom or Belizean authorities rather than an EU court. Negative reviews also exist: some users accuse RoboForex of payout delays and strict bonus requirements. For example, a client on ForexPeaceArmy complains: “RoboForex makes it impossible to withdraw funds… they are holding my money and requesting many documents over and over.” Another user states that a $1200 withdrawal was canceled, allegedly due to bank issues, and part of the funds were not returned. Such stories hurt the company’s reputation.
It is worth noting that RoboForex officially responds to complaints on forums, trying to resolve problems. For instance, in response to accusations of raised swaps before weekends, a company representative explained that the liquidity provider made the change, not the broker itself. Nevertheless, the existence of these disputes means traders should be cautious about bonus programs and read agreements carefully.
Bottom line on reliability: RoboForex is a licensed broker with a long track record and multiple layers of client protection (regulator, FinCom, insurance). It has garnered trust in the market, as evidenced by awards like “Most Trusted Broker” 2020 and “Safest Broker” 2018. However, the offshore status and ongoing complaints call for sensible caution. Should you trust RoboForex? Overall – yes, provided you adhere to the broker’s terms and practice prudent risk management. The company does a lot to ensure fund safety, but complete trust should always be reinforced by your own experience, preferably starting with smaller amounts.
RoboForex Trading Conditions
RoboForex’s trading conditions are competitive even by the standards of top global brokers. The company aims to deliver minimal costs and flexible parameters. Let’s examine the key aspects: spreads, commissions, swaps, leverage, and order execution quality.
- Spreads: RoboForex offers both accounts with floating spreads and no commission, as well as raw spread accounts starting from 0 pips plus a commission. On popular Pro and ProCent accounts, spreads begin at about 1.3 pips on EUR/USD, with no extra commission. This is average in the market – not the lowest, but quite favorable for most strategies (scalping, intraday trading). On ECN and Prime accounts, the broker uses a Raw Spread model: floating from 0.0 pips, plus a commission for each trade. For example, on EUR/USD, total costs on a Prime account are roughly $10 per $1 million turnover (i.e., $1 per standard lot), and on ECN around $20 per $1 million ($2 per lot). In pip terms, that’s about 0.1–0.2 pips added to the raw spread – very competitive.
For clarity, here is a table of trading costs on RoboForex’s main accounts:
Account Type | EUR/USD Spread | Commission | Swap | Features |
---|---|---|---|---|
Pro | from 1.3 pips (floating) | 0 (included in the spread) | Yes (standard market rates) | Suitable for most traders, no transaction fee. |
ProCent | from 1.3 pips (floating) | 0 | Yes | Same as Pro, but balance is in cents (micro trading). |
ECN | from 0.0 pips (floating) | $20 per $1 million turnover | Yes | Minimal spreads, commission ~ $2 per lot. |
Prime | from 0.0 pips (floating) | $10 per $1 million turnover | Yes | Best commission (~$1 per lot), spreads similar to ECN. |
R StocksTrader | from $0.01 (for stocks) | Instrument-based commissions (from $0.015/share, etc.) | No swaps on real stocks; for CFDs – yes | Access to stocks and ETFs, fixed commission per volume, no swaps on actual assets. |
Swap-Free | from 1.3 pips or 0.0 pips (as per account type) | Possible fixed fee instead of swaps | No swaps (no interest) | Islamic account; a flat charge for overnight positions. |
Demo | Same as corresponding real type | 0 (virtual account) | 0 (virtual account) | Identical to real conditions, but risk-free. |
- Leverage: RoboForex is known for generous leverage. The maximum for Forex instruments is 1:2000 on Pro, ProCent, and some other accounts – one of the highest on the market. For instance, with a $1,000 deposit, you can control a position of up to $2 million. High leverage significantly increases potential profits on a small deposit, but risk also rises proportionally (losses can mount quickly in volatile markets). The broker also offers flexible leverage: clients can opt for lower levels (1:1000, 1:500, etc.) when opening an account. Stocks and cryptocurrencies typically have lower leverage (1:2–1:5), given their volatility and regulatory constraints. Importantly, RoboForex may temporarily reduce leverage during major news or for large deposits (risk management).
- Commissions: As noted, standard accounts have no trade commission – the broker’s profit is built into the spread. ECN/Prime accounts charge a volume-based fee. Additionally, there may be fees for deposits/withdrawals, but RoboForex often reimburses these costs (details in the deposit/withdrawal section). There are no hidden fees for account maintenance or inactivity: no inactivity fees, according to independent comparisons. Exceptions might be specific services like VPS (if free usage conditions are not met) or currency conversion fees on deposits – typical of most brokers.
- Order Execution Speed and Quality: RoboForex claims to use ECN technology and STP (Straight Through Processing), meaning orders go to liquidity providers without a dealing desk. According to an FXEmpire review, average execution speed is ~45 milliseconds (0.045 seconds) – very fast and virtually unnoticeable. This appeals to scalpers and high-frequency traders. Clients also report stable order fills: “Execution is top-notch, and the terminal never glitches, even at order close/open,” writes trader Alexander. That said, some reviews mention that during high volatility (e.g., news releases), spreads can widen, and execution may slow slightly – a normal occurrence on interbank markets, particularly with offshore location (possible extra ping to servers). Tests show RoboForex’s speed (1–3 seconds under extreme conditions) is slightly slower than industry leaders (IC Markets ~0.3s), but for most strategies, this is not critical.
- Slippage and Requotes: With Market Execution, there are no requotes on RoboForex accounts – orders fill at the best available price, even if it differs from the requested price. Slippage can occur during sharp movements, but the broker has a Verify My Trade (VMT) certificate from the Financial Commission, confirming that execution quality meets declared standards. This means orders are periodically audited; if RoboForex systematically slipped clients worse than the market, the certificate would be revoked.
Comparing RoboForex Trading Conditions with Competitors: Let’s evaluate its competitiveness against three well-known companies – AMarkets, FxPro, and TeleTrade:
Parameter | RoboForex | AMarkets | FxPro | TeleTrade |
---|---|---|---|---|
Regulation | IFSC (Belize); FinaCom; €2.5M insurance. CySEC (via RoboMarkets) | FSA SVG (offshore); FinaCom membership | FCA (UK), CySEC (Cyprus), SCB (Bahamas) – strong regulation | CySEC (Cyprus) for EU; local licenses in some CIS |
Year Founded | 2009 | 2007 | 2006 | 1994 (brand), online since 2004 |
Number of Clients | Over 3.5M (169 countries) | ~500k (est.) | 1.8M+ (150+ countries) | Tens of thousands (mainly CIS) |
Max Leverage | 1:2000 (Forex); 1:20 (Stocks) | 1:3000 (Forex) | 1:500 (Global); 1:30 (EU) | 1:500 (Forex) |
Min Deposit | $10 (Standard); $100 (Stocks) | $100 (Standard); $200 (ECN) | $100 (recommended) | $50 (Standard); $1000 (ECN) |
EUR/USD Spread | from 1.3 pips (Pro); 0.0 pips (ECN) | from 1.3 pips (Standard); 0.0 pips (ECN) | from 1.2 pips (MT4); 0.0 pips (cTrader) | ~2.0–3.0 pips (Standard); 0.0 pips (NDD) |
Trade Commissions | None (Pro); $20/million (ECN); $10/million (Prime) | None (Standard); $5 per lot (ECN) | None (MT4/5); ~$9 per lot (cTrader) | None (Standard); ~$10 per lot (ECN) |
Platforms | MT4, MT5, cTrader, R StocksTrader, WebTrader, MobileTrader | MT4, MT5, WebTrader, Mobile | MT4, MT5, cTrader, FxPro Edge (web) | MT4, MT5, TT CopyTrading |
Trading Instruments | 12,000+ (9 classes: Forex, stocks, indices, ETF, commodities, metals, energy, crypto, CFDs) | ~550 (about 42 Forex pairs, indices, commodities, ~30 cryptos, stock CFDs) | ~400 (70+ Forex, 200+ stocks, ~20 indices, ~10 commodities, 30+ cryptos) | ~200 (50 Forex, ~100 stocks, 19 cryptos, indices, commodities) |
Bonuses & Promotions | Welcome $30; deposit bonus up to 120%; cashback up to 15%; 10% on balance; free VPS; contests | 25% deposit bonus; CashBack loyalty program; no no-deposit bonus | None (regulators prohibit); sometimes promos for pro clients | Rare (previously had bonuses, now limited by CySEC) |
Withdrawal of Funds | 0% fee 2 times a month; typically 1–2 days for e-wallets | 0% fee (covered by broker); fast (up to 1 day) | No broker commission; 1–3 days | Fee may apply (depends on payment system); 1–3 days |
Support | 24/7, multiple languages (RU, EN, CN, etc.); quick live chat | 24/7, RU/EN, personal manager for VIPs | 24/5 (EN + multiple languages); known for quality | 5/7 during business hours (RU/EN); local offices |
Reputation, Reviews | Mixed: high marks for conditions, but complaints about withdrawals (FPA ~2.3/5) | Positive in CIS segment; offshore => caution | Strong reputation, reliability (Trustpilot ~4/5); downside – no bonuses | Famous in CIS, had scandals in 2014–2015; stable now but less advanced |
Conclusion: The comparison shows that RoboForex outperforms in many parameters: the widest range of instruments, highest leverage, and broad platform and bonus offerings. In terms of cost structure, RoboForex and AMarkets are quite similar (both aim for tight spreads and high leverage for offshore clients), while FxPro has lower leverage and no bonuses but top-tier regulation and strong technology. TeleTrade trails in instrument coverage and transparent conditions (spreads are higher, no bonuses). If minimal trading costs and bonuses are your priority, RoboForex may be your best choice. If you value FCA/CySEC licensing and a longstanding reputation above all, FxPro or another EU-regulated broker might feel safer.
- Swaps: A brief note on swaps. RoboForex applies overnight interest rates on currency pairs (for example, -2% per night on short EUR/USD and +0.5% on a long – hypothetically). These rates are updated based on interbank market interest rates and include the broker’s markup. One interesting feature is that certain instruments may have positive swap rates. For instance, RoboForex notes that short EUR/USD can sometimes have a positive swap (the trader receives a small credit), which is rare since many brokers set a negative swap on both sides. That can be beneficial for carry trade strategies focusing on interest rate differentials. However, watch for news: the broker may update swaps before weekends or holidays. One FPA user reported that RoboForex significantly raised swaps 13 minutes before market close on a Friday (likely due to extreme conditions), causing large costs. While this is an exception, it’s a reminder to check the latest contract specifications.
Popularity Chart of RoboForex vs. Competitors: While we lack an actual image here, note the trend that from 2018 to 2023, interest in RoboForex steadily grew, especially as some brokers exited the CIS market. According to Google Trends, “RoboForex” now surpasses “TeleTrade” and “AMarkets,” reflecting an influx of new clients. FxPro’s popularity remains stable, but RoboForex is catching up due to aggressive marketing (bonuses, advertising) and word-of-mouth in social media. In 2022, RoboForex ranked #1 in Traders Union’s Best Forex Brokers list, ahead of Exness and other competitors, largely because of its combined conditions and popularity among active traders. This indicates strong trust in the brand.
Bottom line on Trading Conditions: RoboForex offers very flexible and attractive conditions – from no-commission accounts for beginners to ECN execution with near-zero spreads for pros. High leverage allows for bold strategies (with sensible risk control). The combination of low spreads, fast execution, and a vast instrument selection makes RoboForex’s conditions some of the best in the industry. It’s no surprise the company received the “Best Trading Conditions 2023” award. In the next sections, we’ll look at specific account types, platforms, and instruments to see how to make the most of these terms in practice.
Account Types
RoboForex offers various types of trading accounts aimed at different categories of traders – from beginners to professionals. Each type differs in minimum deposit, spreads, commission fees, and available platforms. Let’s look at the main accounts: Pro, ProCent, ECN, Prime, R StocksTrader, as well as the special Swap-Free (Islamic) and Demo accounts.
- Pro Account (standard): This is the most popular type among RoboForex clients. The minimum deposit is only $10. It features floating spreads from 1.3 pips, and no turnover commissions – the broker’s markup is already included in the spread. All platforms are supported: MetaTrader4, MetaTrader5, cTrader, R StocksTrader, web, and mobile versions. The Pro account has no limit on the number of open orders or position size. It suits 99% of traders, especially newcomers, thanks to a straightforward commission-free model. Spreads are slightly higher than on ECN, but for small volumes, that difference is negligible. Platform selection is flexible; if you’re a cTrader fan, note that cTrader is effectively a Pro/ECN model with zero or minimal markup. Pro also allows scalping, EAs, and hedging – no strategy restrictions.
- ProCent Account (cent-based): Conditions are almost identical to Pro – spreads from 1.3 pips, zero commission, $10 minimum deposit. The key difference is that the account currency is in cents (not USD/EUR). For example, if you deposit $10, your balance will show 1000 US cents. A 0.01 lot order corresponds to $100 in normal terms, so you effectively trade micro-lots with tiny risk. Who needs a cent account? Beginners wanting real trading experience with minimal money at stake, and those testing EAs in a live environment. For instance, you can test a robot on a $10 deposit (1000 cents). If it fails, you lose only a small sum. ProCent is typically available only on MT4 and MT5 with leverage up to 1:2000, just like Pro. Many start with ProCent and later move on to Pro or ECN.
- ECN Account: Designed for experienced traders who need minimal spreads and deep market liquidity. ECN (Electronic Communication Network) means direct interbank market access without a dealing desk. ECN accounts at RoboForex have spreads from 0.0 pips (no broker markup). Instead, a commission of $20 per $1 million turnover is charged (about $2 per round-turn lot). Overall, costs are lower than the Pro model if you trade large volumes. However, the minimum deposit is still $10, so anyone can start. ECN also provides high liquidity, letting you place orders inside the spread and execute large trades with minimal slippage. ECN is ideal for scalpers, day traders, and algotrading. It has no Limit/Stop Level – you can set stops and limit orders right next to the market price for precise entries. The maximum leverage is up to 1:500 (less than 1:2000 on Pro, due to ECN liquidity risks). You can use MT4, MT5, or cTrader on ECN since that’s more about the trading conditions than the actual platform name.
- Prime Account: RoboForex’s flagship account with the best available conditions. Essentially, it’s an upgraded ECN: spreads from 0 pips, but commission is only $10 per $1 million turnover – half of the regular ECN rate. This translates into all-in costs of around 0.0–0.3 pips on EUR/USD, which is virtually institutional-level pricing. The claim is that Prime taps into a top-tier liquidity pool with the best quotes. The recommended minimum deposit is $100 (though technically you can still open with $10); maximum leverage is 1:300, somewhat lower because Prime is aimed at professionals used to stricter risk management. MT4, MT5, and R StocksTrader are supported. Prime is favored by advanced traders with significant volume or privileged status. RoboForex even won “Best Prime Trading Account 2021” for it.
- R StocksTrader Account: A specialized account for the proprietary R StocksTrader (formerly R Trader) platform. This is for trading stocks, indices, ETFs, and other instruments unique to that platform. The minimum deposit is $100. Trading conditions: spreads from $0.01 (e.g., for stocks in cents) plus fixed commissions: $0.015 per US share, 0.025% for EU shares, $10 per $1 million turnover on Forex in R StocksTrader, etc. Real stocks and ETFs carry no swaps (because you hold the underlying asset rather than a CFD). However, using margin for stocks may incur charges. This account offers 3000+ real stocks and 8400+ stock CFDs plus Forex, indices, commodities, crypto – over 12,000 instruments in total. If you want to trade the stock market, R StocksTrader is perfect, as MT4/5 lacks access to so many real shares. R StocksTrader also includes a no-code strategy builder – see the platforms section for details.
- Swap-Free Account (Islamic): A special setup you can enable on a Pro or ECN account if you reside in a Sharia-compliant region or simply require zero-interest operation. RoboForex allows you to request a swap-free option by contacting Support. On a Swap-Free account, no overnight interest is charged at all. Instead, after a certain holding period, a fixed commission might be applied to cover the broker’s costs. The exact fees are published in the contract specs. Note: Islamic accounts are only available on MetaTrader4 (likely for technical reasons). Thus, traders who cannot pay or receive interest can use RoboForex without violating religious guidelines.
- Demo Account: Free practice accounts with no risk. RoboForex provides demo versions of all main types: Demo Pro, Demo ECN, even a demo for R StocksTrader. The conditions fully match the real environment: quotes, spreads, leverage – everything is identical to live markets. Of course, execution on a demo is instantaneous without real liquidity. Demo accounts are crucial for learning and strategy testing: you can open as many as you like, experiment, and hone your skills. Many spend months on a demo before moving to a cent account or small Pro account. RoboForex imposes no strict time limit on demos (though an inactive one may be archived). They even run demo contests where you can win real prizes by competing for the highest profit on virtual funds – a fun way to practice and stay motivated.
Which Account to Choose?
- For beginners: ProCent (lowest risk using cents) or Pro (if you’re more confident, trading tens of dollars). These are more forgiving – no separate commission and simple spread-based pricing. You might start with $10–50 on ProCent to practice micro-lots, then upgrade to Pro with $500–$1000 once you feel comfortable.
- For advanced traders: If your strategy involves many trades (scalping) or EAs sensitive to spread, ECN is the best choice. Yes, there’s a commission, but near-zero spreads often end up cheaper on higher volumes. ECN is also ideal for news trading and arbitrage, where speed and liquidity matter most. Prime is worthwhile if you’re trading large volumes (hundreds of lots monthly); the lower commission yields tangible savings. Smaller volumes won’t see much difference between $20 and $10 per million.
- For investors or stock traders: Definitely R StocksTrader. If you want a portfolio of US and European shares or to speculate on real stocks, RoboForex provides a vast selection of Apple, Tesla, and more, including dividends (since they’re real assets, not CFDs). You need an R StocksTrader account specifically for those instruments. It also suits Forex traders who prefer a web-based interface (though the Forex leverage there is up to 1:500).
- If you require an Islamic format: The only option is Swap-Free Pro (or ECN Swap-Free). When signing up, pick MT4 and request the Islamic feature. You can then hold positions indefinitely without paying or receiving interest.
The good news is that RoboForex does not limit how many accounts you can open – for instance, you might have a ProCent account for testing EAs, an ECN for scalping, and an R StocksTrader account for investment. Your Members Area makes it easy to switch among them. Many people do exactly that: actively trading on ECN and also investing or copying trades via R StocksTrader.
In summary, RoboForex’s lineup covers every need. The flexible system lets you start small and scale up without switching brokers. In this sense, RoboForex follows the market trend: along with Exness, it was among the first to introduce cent accounts and very high leverage, allowing anyone to test Forex with pennies. As you grow more professional, advanced solutions (ECN, Prime) are available. This fosters client loyalty – there’s no need to look for another broker once your demands become more complex.
RoboForex Trading Platforms
One of RoboForex’s advantages is its support for almost every popular trading platform, plus its own proprietary terminals. Clients can use the classic MetaTrader (versions 4 and 5), advanced cTrader, proprietary web/mobile solutions, and the unique R StocksTrader platform for multi-asset trading. Let’s take a closer look at each:
MetaTrader 4 (MT4)
MetaTrader 4 is a legendary Forex platform released by MetaQuotes in 2005. RoboForex fully supports MT4, meaning you can use the desktop app (Windows), the web version, and mobile apps for iOS/Android.
Advantages of MT4:
- The platform is a worldwide standard among Forex traders. Both novices and pros know it well.
- MT4 includes a large set of built-in indicators and drawing tools (over 50 by default), plus hundreds more available as custom add-ons.
- Algorithmic trading: MT4 is famous for its Expert Advisors (EAs), enabling automated strategies written in MQL4. Many commercial systems and signal services use MT4.
- Low system requirements and stable performance: it even runs on older hardware with minimal data usage – good for slow connections.
- A huge community: countless tutorials, forums, scripts, and a broad ecosystem. Most VPS providers specifically cater to MT4.
Drawbacks of MT4:
- Originally designed mainly for Forex and CFD; no direct support for real stocks or options (only via CFDs). For real shares, RoboForex offers R StocksTrader instead.
- An outdated interface: it’s functional and reliable but unchanged since 2005.
- MT4 lacks some newer features found in MT5, such as the extended order types or a full Depth of Market system.
All in all, MT4 is an excellent choice if you focus on the Forex market and want a proven solution. RoboForex provides the full MT4 feature set – all account types (except R StocksTrader) are compatible. You can install any EA, including those for CopyFX (RoboForex’s own social trading system).
MetaTrader 5 (MT5)
MetaTrader 5 is a newer iteration released by MetaQuotes in 2010, designed as a multi-asset platform. RoboForex also offers MT5 for all main account types.
MT5 Highlights:
- Multi-asset support: built to handle Forex, stocks, indices, futures, and more. With RoboForex, you can trade CFD stocks, metals, and other assets in MT5. Note that R StocksTrader still has a broader range of real stocks than MT5, but MT5 includes more CFDs than MT4.
- Extended trading features: MT5 has a Depth of Market (Level2/DOM) view, beneficial for seeing liquidity on multiple price levels, as well as additional pending order types (Buy Stop Limit, Sell Stop Limit).
- Performance upgrades: The strategy tester is more powerful, with multi-threading for faster backtesting. MQL5 can handle complex computations, though coding is more advanced than MQL4.
- More timeframes and indicators: for instance, multiple 1-minute intervals (M2, M3, etc.) are possible. Trading schedules can be customized more flexibly.
- Hedging vs. Netting: While MT5 originally used netting for stock exchanges, a hedging mode was added for Forex, letting you open multiple positions in opposite directions on the same instrument (as in MT4). RoboForex employs the hedging mode by default.
Pros of MT5: expanded functionality, one-stop trading of multiple asset classes, a more modern interface, and continuous development (MetaQuotes no longer updates MT4 significantly).
Cons of MT5: slightly heavier on resources; fewer ready-made EAs than MT4 (though MQL5 is growing). Strategies coded for MT4 require conversion for MT5.
Within RoboForex, MT5 is especially handy if you want both currency trading and CFD on stocks/indices in one terminal. For example, the Prime account is available on MT5, meaning you can hold Forex trades and, say, a NASDAQ CFD in a single platform. MT4 cannot do that on the same scope of assets.
cTrader
cTrader is a professional trading platform developed by Spotware in 2010. RoboForex is among the few brokers offering cTrader alongside MetaTrader. You can use cTrader by opening a Pro or ECN-type account (technically, “cTrader account” at RoboForex aligns with an ECN model featuring raw spread + commission or minimal markup).
cTrader Advantages:
- Modern interface: cTrader is often praised for its clean, intuitive design that some find easier than MT4/5. It includes a dark mode, a quick trade panel, and flexible layout options.
- Advanced charting: more timeframes (including tick charts) and broader customization than MT5. Plenty of built-in indicators, too.
- Depth of Market & trade tape: cTrader is geared for ECN trading, so you see the real DOM and market trades flow, which appeals to active traders.
- Algo-trading in C#: cTrader’s cAlgo (cBots) module lets you code your strategies in C#. Developers familiar with C# or C++ often find this easier than MQL. And C# is a widely-used language with many libraries.
- Direct, transparent execution: cTrader is recognized for minimal interference in order routing, focusing on STP. Some users report fewer slippages than on MT, though the underlying liquidity is basically the same as RoboForex’s ECN.
- Built-in trade journal and analytics: cTrader logs detailed info about each order, including fill time, slip, etc.
Disadvantages of cTrader:
- Less popular than MetaTrader, so fewer off-the-shelf EAs and indicators.
- The transition can be tricky if you’re used to MT4, as the layout and logic differ.
- Some instruments might not be available, though RoboForex typically offers the same range of Forex/CFD. (Just note that CopyFX is more tied to MT platforms.)
In short, cTrader is favored by scalpers and algo-traders who value speed and transparency. It’s ECN-oriented and designed for advanced manual trading. RoboForex implements the same liquidity pool in cTrader as in its MT4/5 ECN, though cTrader’s interface and features can be more appealing to certain pros. For social trading, cTrader has a built-in Copy feature, but RoboForex focuses on CopyFX in the MT environment.
R StocksTrader (Web Platform)
R StocksTrader is RoboForex’s proprietary multi-asset web platform. Formerly known as R Trader, it runs directly in your browser without installation. It’s the main gateway for real stocks, ETFs, and thousands of other instruments.
R StocksTrader Advantages:
- Massive instrument diversity: one interface for US and EU stocks, Forex, indices, ETFs, commodities, crypto – everything RoboForex offers is accessible in R StocksTrader.
- Convenient, customizable layout: you can open multiple charts in different tabs, arrange your workspace, and use a clean, minimalist design.
- Free real-time market data: many brokers charge for live stock quotes, but RoboForex provides them free (likely absorbing the cost via a market data integrator).
- No required minimum turnover on stocks: you can buy just 1 Apple share with a small commission ($0.015 per share, minimum ~$1.5).
- Strategy Builder: a unique feature allowing you to create automated trading strategies via a drag-and-drop block system, no coding needed. You can backtest them on historical data. Perfect for aspiring algo-traders without programming skills.
- Cloud-based storage: your chart settings, templates, and custom strategies are saved on the server. You can log in from any device with the same environment ready.
R StocksTrader Downsides:
- No desktop version: everything is in the browser, so performance depends on your internet connection and the browser’s capabilities. Some traders prefer a stand-alone desktop terminal for speed and reliability.
- Limited indicator customization: you can’t install user-made indicators or EAs. The platform has built-in technical tools (moving averages, RSI, MACD, etc.) but no ability to import custom ones.
- Lower leverage for certain assets: e.g., a maximum of 1:5–1:20 on stocks. Long-term investors likely don’t mind, but short-term speculators might prefer more.
- Weekend schedules: crypto trades 24/7, but R StocksTrader may have periodic maintenance breaks.
Despite these trade-offs, R StocksTrader is a powerful solution for diversified trading and investment, especially if you want to combine regular trading with a real stock portfolio. In 2022, RoboForex won “Best Multi Asset Trading Platform,” largely thanks to R StocksTrader.
WebTrader and MobileTrader
Besides R StocksTrader, RoboForex has developed simpler versions of trading terminals for MT4/MT5 account access via browser and mobile devices:
- RoboForex WebTrader: a web-based terminal for MT4 (and possibly MT5) so you can trade without installing MetaTrader on your computer. This is handy if you’re on a public PC or cannot install software. The functionality is slightly reduced compared to full MT4, but you can open/close trades, view charts, and place stop orders. RoboForex’s WebTrader has a user-friendly interface and supports 9 timeframes, 13 indicators, etc. It’s an in-house solution introduced in 2014.
- RoboForex MobileTrader: the broker’s mobile app to manage your accounts, place trades, and check quotes. It merges members area features with a light terminal, so you can deposit, withdraw, or adjust your profile. It’s an alternative if MetaQuotes apps are unavailable (in 2022, Apple removed MT4/5 from the App Store; MobileTrader can help iOS users bypass that restriction).
These two tools are proprietary RoboForex technologies. They’re not as popular as the main MetaTrader suite, but they add convenience in certain scenarios.
Platform Comparison
Platform | Device | Assets | Algo-Trading | Notes |
---|---|---|---|---|
MetaTrader 4 (MT4) | PC, mobile, web | Forex, CFD (metals, oil, indices, crypto) | Yes (MQL4, EAs) | Most popular among traders; stable; only CFD instruments. |
MetaTrader 5 (MT5) | PC, mobile, web | Forex, CFDs + some stocks, futures | Yes (MQL5, EAs) | Multi-asset, advanced features, fewer add-ons than MT4. |
cTrader | PC, mobile, web (cTrader ID) | Forex, CFDs | Yes (C#, cBots) | Ideal for ECN trading, great for scalping, modern UI. |
R StocksTrader | Web, mobile app | Forex, CFDs, real stocks, ETFs (12k+ total) | Partially (Strategy Builder) | Multi-asset platform for stock trading; no desktop version. |
WebTrader (RoboForex) | Web browser | Forex, CFDs (MT4 accounts) | No | Lightweight web terminal for MT4 accounts. |
MobileTrader (RoboForex) | Android, iOS | Forex, CFDs (MT4/5) | No | Proprietary mobile app for trading & account management. |
Ultimately, RoboForex gives you maximum freedom of choice. If you’re accustomed to MT4, it’s fully available. Want something different? cTrader is there. Interested in stocks? Use R StocksTrader. Prefer not installing anything? Try WebTrader. Many brokers limit users to just one or two platforms, so RoboForex’s range is a major plus. This variety attracts a broad audience – including cTrader enthusiasts (a platform supported only by a handful of leading ECN brokers).
Just remember that your platform choice does not affect reliability or quotes – RoboForex delivers a unified price feed to all terminals. So choose what suits your style. Beginners typically start with MT4 or MT5, while more experienced traders might value cTrader’s unique features or R StocksTrader’s massive asset selection.
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